Apollo FAQ

What is the Moonwell Apollo token?

MFAM is the native governance token of the Moonwell Apollo protocol. MFAM can be staked in the Moonwell Safety Module, which backstops the Moonwell Apollo protocol in the event of a shortfall event. MFAM can also be delegated to an ERC-20 address and utilized in Moonwell Governance voting and proposal creation.

What is Moonwell Apollo?

Moonwell Apollo is Moonwell's deployment on Moonriver.

What can we do on Moonwell Apollo?

Users can lend and borrow 6 different assets (MOVR, BTC, WETH, USDC, USDT, FRAX)

Which bridge should I use?

Why not X-token support?

To safely support an asset, there needs to be sufficient DEX liquidity and Chainlink Oracle support

Why Solarbeam as a DEX partner?

Solarbeam is the leading native DEX on Moonriver.

Why Moonriver?

Moonriver is the first fully EVM compatible blockchain on Kusama. It already has sufficient DEX liquidity and Chainlink oracle support, two crucial requirements for a lending & borrowing protocol.

Is Moonwell audited?

Moonwell is partnered with and audited by Halborn to ensure that top security practices are always followed.

What does Moonwell represent?

Moonwell is the overarching brand for our two separate deployments on Moonriver and Moonbeam represented by Moonwell Apollo and Moonwell Artemis, respectively.
Moonwell represents wellness in all forms - financial, physical, and mental.

Why Apollo & Artemis?

Space mission theme
Apollo represents the first missions to the Moon and Moonwell's first deployment on Moonriver.
Artemis represents NASA’s return to the moon in 2022 and Moonwell's later deployment on Moonbeam.
Greek mythology theme
Kusama is the canary network of Polkadot and Moonriver is the sister network of Moonbeam.
Artemis is the twin sister of Apollo and goddess of the Moon in Greek mythology.